The U.S.trade deficit must be cured by some combination of lower budget deficits, higher savings, and lower investment.

Question

Quizplus · Accepted Answer

The U.S. trade deficit can be reduced by a combination of lower budget deficits (which can lead to lower borrowing from abroad), higher savings (which can lead to more domestic investment and less reliance on foreign borrowing), and lower investment (which can reduce the demand for imported goods).

The USTrade Deficit Must Be Cured by Some Combination of Lower